The 11-22 when I got the beastie was about the same as the 14-54 but right now is substantially more.

Haven;t checked B&H yet but will do shortly just to see whether they changed as much outside of the UK...

Very interesting. On the official Olympus America web site, the prices are substantially cheaper. For example:
the 12-60mm is $999.99
the 14-54mm MkII is $599.99
50-200 SWD is $1199.99
11-22mm is $799.99

When I get a chance, I will check some of the stores like Amazon and B&H.

Yep .. hurts just looking at the pricing and then to see what you guys across the pond are getting charged for makes it feel as if youve just been kicked in the nuts! The MRP prices.. add another £100 to each lens.

Thats price gouging to the extreme with the HG lenses. I can;t see how the 50mm and the 11-22 can be so expensive and that pricing reminded why i havent bought another lens her in the UK. I did check Oly lens prices in India - I was looking at the 9-18 there and it was even more expensive there but then again so was Canikon.